Petrochemical Headlines
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Saudi Sipchem Says Affiliate Restarts Butanediol Plant
(Monday, September 29, 2014) An affiliate of Saudi International Petrochemical Co (Sipchem) restarted butanediol production on Monday after scheduled maintenance, Sipchem said.

Ineos Takes Position in UK Shale, Plans Local Pay-outs
(Monday, September 29, 2014) Should Britain start producing large volumes of shale gas, it would benefit Ineos ' petrochemical plant and refinery in Grangemouth, Scotland, by providing it with a cheap input resource.

Kinder Morgan Reveals Anchor Shipper for Utica-Ontario Pipeline
(Monday, September 29, 2014) The approximately $500 million pipeline project is expected to be in service by early 2018 with the receipt of timely permitting and regulatory approvals.

Dow Chemical Launches Sale of Chlorine and Epoxy Units -Sources
(Thursday, September 25, 2014) Dow Chemical Co has kicked off a process to sell its epoxy and chlorine businesses, hoping to find a single buyer for them in what is set to be a multibillion-dollar deal, according to people familiar with the matter.

LyondellBasell Eyes Further Expansion at SE Texas Plant
(Wednesday, September 24, 2014) The proposed expansion project would be in addition to work already underway to install two large cracking furnaces at the Channelview, Texas, site.

Saudi Sipchem Starts Plastics Plant with South Korea's Hanwha Chemical
(Wednesday, September 24, 2014) Saudi International Petrochemical Co (Sipchem) said on Wednesday it had started trial operations of a new plant in Riyadh along with South Korea's Hanwha Chemical.

EU Lawmakers Agree to Industry Carbon Permit Giveaway
(Wednesday, September 24, 2014) The European Parliament's environment committee on Wednesday narrowly upheld plans to give billions of euros worth of carbon allowances to heavy industries for free to help them compete in global markets.

ExxonMobil to Boost Hydrocarbon Fluid Production at Antwerp, Singapore
(Wednesday, September 24, 2014) ExxonMobil Chemical is increasing production of its high performance hydrocarbon fluids by about 10 percent through expansion projects at its Singapore and Antwerp facilities.

Bayer Asks Rothschild to Advise on Plastics Business Flotation-Sources
(Monday, September 22, 2014) Bayer has appointed investment bank Rothschild to advise on the German drugmaker's plan to list its plastics business, in a deal that could value the unit at about 10 billion euros ($13 bln), sources familiar with the situation said.

Industries Qatar Shelves Multi Billion Dollar Petrochemicals Project
(Thursday, September 18, 2014) Industries Qatar, the Gulf's second-largest petrochemicals firm, said on Thursday it had put its multi billion dollar Al Sejeel petrochemical complex project on hold and was studying a new scheme instead that would yield better returns.

European Petchem Group's Re-branding: More Than A New Name
(Tuesday, September 16, 2014) DownstreamToday talks industry perceptions, shale gas and a revamped brand with executive director of Petrochemicals Europe.

Shell, Motiva to Pay Back Wages to U.S. Workers -Labor Dept.
(Tuesday, September 16, 2014) Shell and its Motiva Enterprises joint-venture with Saudi Aramco have agreed to pay $4.5 million in back overtime wages to 2,677 current and former employees, the U.S. Department of Labor said on Tuesday.

Occidental in $190 Mln Settlement to Clean Up New Jersey River
(Tuesday, September 16, 2014) Occidental Chemical Corp has agreed to pay New Jersey $190 million as part of a settlement to clean up the polluted Passaic River, state officials announced on Monday.

Japan's Mitsui Restarts Naphtha Cracker After Repair
(Tuesday, September 16, 2014) Japan's Mitsui Chemicals Inc said on Tuesday it restarted the 612,000-tonne-per-year naphtha cracker at its Ichihara plant in Chiba, east of Tokyo, on Monday following repair work on an unspecified problem.

Catalytic Processes Could Yield Alternatives to Refineries, Ethane Crackers
(Monday, September 15, 2014) Natural gas-based processes could be alternative for ethane crackers, oil refineries, California-based technology developer tells DownstreamToday.

Thai PTT and Saudi Aramco in Joint Vietnam Petrochemical Project
(Monday, September 15, 2014) Thai energy company PTT has joined with Saudi Aramco, the world's biggest oil producer, to submit a proposal to the Vietnamese government to build a $22 billion refinery and petrochemical complex in Vietnam, a senior PTT official said.

Taiwan's Formosa Inks Naphtha Term At A 10 Pct Lower Premium
(Thursday, September 11, 2014) Taiwan's Formosa Petrochemical Corp has inked a 12-month naphtha term contract starting December at a premium that is around 10 percent lower than its last deal, trade sources said on Thursday.

S.Korea Increases Emissions Cap in Proposed Carbon Trading Scheme
(Thursday, September 11, 2014) A cap on carbon dioxide emissions that South Korea expects to introduce as part of a carbon trading scheme will be around 3 percent larger than previously touted over the next three years, the government said on Thursday.

Chinese Firm to Use UOP Tech to Produce Isobutylene
(Thursday, September 11, 2014) Shandong Shouguang Luqing Petrochemical Co. Ltd. will use Honeywell's UOP C4 Oleflex process technology to produce isobutylene, a key ingredient for making high-octane fuel and synthetic rubber.

Koch's Invista Says New Nylon Pipe An Alternative for Oil Industry
(Wednesday, September 10, 2014) A unit of Koch Industries said on Wednesday it was introducing a new type of pipe made from nylon, as surging oil and gas output drives demand for new pipelines and concerns mount about the safety of older ones across North America.

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